Banco Santander SA ADR (SAN) — Working Capital to Net Assets Ratio
Banco Santander SA ADR (SAN) has a Working Capital to Net Assets ratio of -863.7% as of December 2025. Working capital of $-973.76 Billion (current assets of $321.32 Billion minus current liabilities of $1.30 Trillion) is measured against net assets of $112.75 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Banco Santander SA ADR (SAN) defensive interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Banco Santander SA ADR Working Capital to Net Assets (1991–2025)
This chart shows how Banco Santander SA ADR's Working Capital to Net Assets ratio has evolved across 24 annual periods from 1991 to 2025. As of December 2025, the ratio stands at -863.7%, reflecting working capital of $-973.76 Billion against net assets of $112.75 Billion USD. For the complete balance sheet picture, see SAN current and non-current assets.
Annual Working Capital to Net Assets for Banco Santander SA ADR (1991–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Banco Santander SA ADR from 1991 to 2025, covering 24 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check Banco Santander SA ADR liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -863.7% | $-973.76 Billion | $112.75 Billion | $321.32 Billion | $1.30 Trillion | ▼ -1087.4 pp |
| 2024 | 223.7% | $240.13 Billion | $107.33 Billion | $251.85 Billion | $11.72 Billion | ▼ -108.3 pp |
| 2023 | 332.0% | $346.08 Billion | $104.24 Billion | $416.84 Billion | $70.76 Billion | ▼ -29.9 pp |
| 2022 | 361.9% | $353.20 Billion | $97.58 Billion | $399.96 Billion | $46.76 Billion | ▲ +40.5 pp |
| 2021 | 321.5% | $311.98 Billion | $97.05 Billion | $340.94 Billion | $28.95 Billion | ▲ +30.1 pp |
| 2020 | 291.3% | $266.04 Billion | $91.32 Billion | $290.05 Billion | $24.00 Billion | ▲ +90.7 pp |
| 2019 | 200.7% | $222.05 Billion | $110.66 Billion | $256.55 Billion | $34.50 Billion | ▲ +209.2 pp |
| 2018 | -8.5% | $-9.11 Billion | $107.36 Billion | $113.66 Billion | $122.77 Billion | ▼ -98.0 pp |
| 2017 | 89.5% | $95.62 Billion | $106.83 Billion | $111.00 Billion | $15.37 Billion | ▲ +28.8 pp |
| 2016 | 60.8% | $62.39 Billion | $102.70 Billion | $76.45 Billion | $14.06 Billion | ▼ -4.4 pp |
| 2015 | 65.2% | $64.37 Billion | $98.75 Billion | $77.75 Billion | $13.38 Billion | ▲ +74.2 pp |
| 2014 | -9.0% | $-8.11 Billion | $89.71 Billion | $7.49 Billion | $15.60 Billion | ▼ -9.3 pp |
| 2013 | 0.3% | $220.00 Million | $79.64 Billion | $6.70 Billion | $6.48 Billion | ▲ +806.1 pp |
| 2012 | -805.8% | $-654.45 Billion | $81.21 Billion | $109.86 Billion | $764.31 Billion | ▼ -1038.2 pp |
| 2011 | 232.3% | $187.74 Billion | $80.81 Billion | $190.71 Billion | $2.97 Billion | ▲ +17.0 pp |
| 2010 | 215.4% | $174.26 Billion | $80.92 Billion | $178.24 Billion | $3.98 Billion | ▲ +151.6 pp |
| 2009 | 63.7% | $47.08 Billion | $73.87 Billion | $262.13 Billion | $215.05 Billion | ▼ -122.2 pp |
| 2008 | 185.9% | $111.54 Billion | $60.00 Billion | $114.87 Billion | $3.33 Billion | ▲ +435.0 pp |
| 2007 | -249.1% | $-143.37 Billion | $57.56 Billion | $89.02 Billion | $232.39 Billion | ▼ -279.4 pp |
| 2006 | 30.3% | $16.36 Billion | $53.92 Billion | $20.26 Billion | $3.90 Billion | ▼ -345.0 pp |
| 2004 | 375.4% | $137.00 Billion | $36.50 Billion | $138.63 Billion | $1.63 Billion | ▼ -116.7 pp |
| 1993 | 492.0% | $17.70 Billion | $3.60 Billion | $17.82 Billion | $124.93 Million | ▲ +1550.2 pp |
| 1992 | -1058.1% | $-30.51 Billion | $2.88 Billion | $12.56 Billion | $43.07 Billion | ▼ -989.3 pp |
| 1991 | -68.8% | $-1.73 Billion | $2.52 Billion | $11.75 Billion | $13.48 Billion | — |